“The amount of hype, as well as projects being built in the metaverse, gaming and NFT spaces, is bullish for these blockchains that are designed to build dApps on top of,” said Alexandre Lores, an analyst at Quantum Economics. NFT refers to non-fungible tokens, which can represent interest in property, clothing, weapons or other items within games and virtual-reality worlds. A … [Read more...] about Avalanche, Layer 1 Tokens Soared in November as Ethereum Fees Drove Competition
drove
What Drove Bitcoin’s Dip Under $60K
This episode is sponsored by NYDIG.Download this episodeBitcoin has been on a journey over the last 24 hours, from nearly $65,000 all the way down to $58,000 and everywhere in between. On today’s episode, NLW explores what’s driving it, including:Leveraged traders left over from last week’s all-time highTwitter CFO saying no investments in cryptoPresident Biden signing the U.S. … [Read more...] about What Drove Bitcoin’s Dip Under $60K
Extreme leverage drove $500 million worth of BTC liquidations in one hour
The Bitcoin markets emphatically rejected the $60,000 price range on March 15, with excessive leverage driving a record $500 million worth of long liquidations over just 60 minutes.Glassnode’s founders, Jan & Yann, emphasized the new record hourly Bitcoin for liquidations, noting that more than half open futures contracts prior to the margin calls were leveraged by at least … [Read more...] about Extreme leverage drove $500 million worth of BTC liquidations in one hour